Eurnzdforecast
EUR/NZD BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
EUR/NZD: Day-Swingtrade-Preparation
Market-Buy: 1,67040
Stop-Loss: 1,65990
Point of Risk-Reduction: 1,68100
Take-Profit: 1,69600
Stop-Loss: 105 pips
Risk: 0,5% - 1%
Risk-Reward: 2,45
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EUR/NZD SELL IDEA
EUR/NZD: Swingtrade-Preparation
Hey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
EUR/NZD: Swingtrade-Preparation
Market-Sell: 1,66700
Stop-Loss: 1,67700
Point of Risk-Reduction: 1,65660
Take-Profit: 1,63160
Stop-Loss: 100 pips
Risk: 0,5% - 1%
Risk-Reward: 3,40
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
EurNzd- do we finally have a bottom?Since October, EurNzd dropped almost linearity and lost almost 1500 pips.
The beginning of the year found the pair in 1.66 zone strong support and, in my opinion, this is the bottom for now.
At the time of writing, EurNzd is trading at 1.6743 and dips towards 1.67 can be a good opportunity for building longs.
The target for bulls can be 1.7250 resistance and only a break under support would negate this bullish scenario
EurNzd- are "we" breaking up?Although the trend is grossly down for EurNzd, from the beginning of the year, the drop in the pair was marginal, forming a falling wedge.
A bottom seems to be in place at this point at 1.6650 zone and is marked by a double bottom on shorter time frames.
Now the pair is trading at 1.68 which is also the resistance of the wedge.
A break here would expose 1.7 zone and 1.73 furthermore (the target for the pattern)
Buying dips can be a good strategy for this pair
EUR/NZD SELL IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation!
EUR/NZD: Swingtrade-Preparation
Market-Sell: 1,67630
Stop-Loss: 1,69000
Point of Risk-reduction: 1,66545
Take-Profit: 1,63180
Stop-Loss: 137 pips
Risk: 0,5% - 1%
Risk-Reward: 3,30
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me!
EUR/NZD Full Analysis !! Must see !!Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair.
Monthly : We have just Completed an "M" formation and we already started the new impulse to the downside. We expect the price to continue dropping.
Weekly : We have an impulse correction impulse pattern and we are at the 5th wave of Eliott and we expect the price to push lower.
Daily : We have a "W" formation and we are currently at a strong level of resistance that was rejected by the market if you look at the wick of the last candle, the price seems to be going toward the Neckline.
COT : Institution have been shorting EUR massively since they added closed more than 21000 long positions and added close to 7200 long position during the last report.
From an NZD perspective we are still looking at a strong NZD even though hedge funds added more shorts positions than longs and this explains perfectly the retracement of this currency with all the pairs.
4H: We do have strong level of resistance at the moment and we will be waiting for the market to shift from a bullish to a bearish environment on the 4H timeframe in order to place our entry.
MACD : we are still in a bullish environment
EMAs: Cut for long for the moment but anything could change within the last hour
EMA 200 : We are still below this EMA and could be considered as a resistance itself in case we decide to go higher to grab more liquidity.
Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset.
Trade safe !!!
EurNzd- break of falling wedge for 500 pips profit.Since the beginning of the year, EurNzd is trading in a falling wedge, with the price making marginal lows.
On shorter term time frames, the pair made a small double bottom which can give us the idea of a turn.
Now EurNzd is facing confluence resistance of horizontal 1.68 level and the resistance of the wedge and a break here would confirm the reversal and gives scope to 1.73 resistance.
Also, a buy trade for this pair would have a great R:R